by CHEN Xiaotong

Hangzhou-based Unitree Technology is expected to submit its listing application documents between October and December, according to a statement released on social media on Tuesday.

As a prominent player in China's robotics industry, the company reported that quadruped robots contributed 65% of 2024 sales, humanoid robots 30%, and components 5%. Around 80% of quadrupeds went to research, education, and consumer markets, with the rest in industrial settings such as inspection and firefighting. Humanoids were sold entirely for research, education, and consumer purposes.

The company gained recognition after its H1 humanoid robot performed in the 2025 CCTV Spring Festival Gala and recently won the 1,500-meter race at the inaugural World Humanoid Robot Games.

Unitree has prepared for the capital market by restructuring into a joint stock company on May 29 and adding Liang Wangnan, general manager of Beijing Jingguorui Equity Investment Fund Management, to its board. The CSRC disclosed on July 18 that the company began IPO coaching with CITIC Securities. Founder and CEO Wang Xingxing holds 23.82% directly and another 10.94% via Shanghai Yuyi Enterprise Management Consulting Partnership, for a combined 34.76%.

Speaking at the 2025 World Robot Conference, Wang likened the IPO process to preparing for college entrance exams. "Going public marks a new stage of growth," he said. "It is both a testament to our nine years of development and a commitment to shareholders."